- Ganpati planning Sheraton in Uttar Pradesh.
- The hotel will be in Vibhuti Khand.
- Group targets 800 to 1,000 hotel keys.
GANPATI GROUP PLANS to invest $26.4 million in a 200-key Sheraton hotel in Lucknow, Uttar Pradesh, India. The hotel will be in Vibhuti Khand.
The Sheraton Hotels and Resorts property is part of the group’s plan to add 800 to 1,000 hotel keys over the next three to five years, Ganpati said in a statement. It plans residential, commercial and hospitality projects worth about $211 million, focusing on Lucknow and Visakhapatnam.
“Lucknow brings together a growing business ecosystem, infrastructure development and tourism potential, making it an important market for our expansion,” said Nikhil Agarwal, Ganpati managing director.
Agra-based Ganpati is led by chairman Anil Agarwal and Nikhil Agarwal.
Separately, Vrindam Developers will build the 130-key voco Vrindavan in Uttar Pradesh.
